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Moving to Lake Panasoffkee, FL

Thinking of making a move to Lake Panasoffkee, FL? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Lake Panasoffkee, FL

Considering a move to Lake Panasoffkee, FL? This welcoming community of 4,200 residents offers a blend of suburban charm and convenience, with median home prices around $245,000 and average rents near $1,250. Commute times average 31 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (67% annually), ideal for families and commuters alike. Explore Lake Panasoffkee's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Lake Panasoffkee, FL

Lake Panasoffkee has a population of 4,200 residents, offering a diverse community with a median age of nearly 54 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 86% White, 9% Black, and 1% Asian residents, and over 7% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
4,200
Density
450 per sq mi
Median Age
53.8
Gender Ratio
96 males per 100 females
Non-English Speakers Percentage
6.8%

Ethnic Composition

White
86.0%
Black
8.5%
Asian
1.2%
Others
4.3%

Cost Of Living

What is the average cost of living in Lake Panasoffkee, FL?

The cost of living in Lake Panasoffkee is higher than the national average, with a cost of living index of 91.8. Median home values are around $245,000 and average rents for a two-bedroom apartment are approximately $1,250. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$245,000
Gross Rent
$1,250
Monthly Electricity Charges
$165
Auto Insurance
$2,350
House Owner Cost With Mortgage
$1,780
House Owner Cost Without Mortgage
$620
State Taxes
Low: 0.0%| High: 0.0%
Cost Of Living Index
91.8
Grocery
96.5
Housing
84.0
Utilities
103.8
Transportation
98.7
Health Care
97.4
Miscellaneous
94.1

Crime

Is Lake Panasoffkee, FL a safe place to live?

Lake Panasoffkee is considered a safe community, with a low violent crime rate of 240 incidents per 100,000 residents and a property crime chance of 1 in 62. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Florida.

Violent Crimes Per 100k
240
Property Crimes Per 100k
1,620
Crime Index
1,860
Chance Of Violent Crime
1 in 417
Chance Of Property Crime
1 in 62

Weather

What is the weather like in Lake Panasoffkee, FL year-round?

Lake Panasoffkee experiences four distinct seasons, with warm summers reaching highs of 92°F and cold winters dipping to 48°F. The area receives about 50 inches of rainfall annually and enjoys sunshine on 67% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
48°F
Max
71°F

Summer

Min
74°F
Max
92°F

Spring

Min
58°F
Max
84°F

Fall

Min
61°F
Max
82°F
Average Rainfall Inches
50.1 inches
Sunny Days Percentage
67%

Neighbors

The neighborhood boasts a healthy median household income of $63,500 and a low poverty rate of 15.8%. Over 87% of residents have at least a high school diploma, and nearly 18% hold a bachelor's degree or higher. Commute times average 31 minutes, and almost 1% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$42,000
Household Income
$63,500
Family Income
$72,000
Per Capita Income
$29,500
Income Male
$38,000
Income Female
$32,000
Poverty Rate
15.8%
Non English Speakers
12.4%
Rent
$1,250
Unemployment Rate
4.8%
Public Transport Usage
1.1%
Commute Time
31.4 minutes

Education

High School or Higher
87.1%
Bachelors or More
17.6%

Education

How are the schools in Lake Panasoffkee, FL?

Lake Panasoffkee offers quality education options, with public schools like Bushnell Elementary School, South Sumter Middle School, and South Sumter High School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Lake-Sumter State College and College of Central Florida. The community is committed to educational excellence for all age groups.

Public Schools

Name
Bushnell Elementary School
Street
415 W Anderson Ave
Phone
352-793-1281
Students
520
Student Teacher Ratio
15.0
Name
South Sumter Middle School
Street
514 E Anderson Ave
Phone
352-793-3440
Students
780
Student Teacher Ratio
16.1
Name
South Sumter High School
Street
706 N Main St
Phone
352-793-3131
Students
1,050
Student Teacher Ratio
17.0

Private Schools

Name
The Villages Charter School
Street
2806 Areca Dr
Phone
352-259-2350
Students
4,000

Colleges

Name
Lake-Sumter State College
City
Leesburg
State
FL
Distance
22 miles
Students
5,500
Name
College of Central Florida
City
Ocala
State
FL
Distance
28 miles
Students
8,000

Healthcare

Lake Panasoffkee residents have access to quality healthcare, with major hospitals like UF Health The Villages Hospital and AdventHealth Waterman nearby. The community benefits from a high physician-to-resident ratio of 1.8 per 1,000 people and 87.6% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
UF Health The Villages Hospital
Address
1451 El Camino Real, The Villages, FL 32159
Phone
(352) 751-8000
Type
General & Surgical
Emergency Services
Yes
Name
AdventHealth Waterman
Address
1000 Waterman Way, Tavares, FL 32778
Phone
(352) 253-3333
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
1.8
Health Insurance Coverage
87.6%
Health Care Index
71.2

Housing Market

What is the housing market like in Lake Panasoffkee, FL?

The local housing market is strong, with a median home price of $245,000 and an owner-occupied rate of nearly 75%. The market has seen a 3.9% appreciation over the past year, and rental vacancy rates remain moderate at 7.1%. Lake Panasoffkee offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$245,000
Average Rent For 2 Bedroom
$1,250
Owner Occupied Rate
74.8%
Rental Vacancy Rate
7.1%
Home Appreciation Rate (1yr)
3.9%
New Construction Rate
0.8%
Foreclosure Rate
0.7%

DMV Information

Residents of Lake Panasoffkee handle vehicle services through the Florida Department of Highway Safety and Motor Vehicles, conveniently located in Tallahassee. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Florida
Department
Florida Department of Highway Safety and Motor Vehicles
Address
2900 Apalachee Parkway, Tallahassee, FL 32399
Phone
1-850-617-2000

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Lake Panasoffkee, FL

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Lake Panasoffkee, review the core fields on this page: population 4,200, median home value $245,000, average rent for 2 bedroom $1,250, commute time 31.4 minutes, and sunny days percentage 67%.

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